Construction of a 205-unit luxury apartment project has begun in Denver’s River North neighborhood.

RiNo Center, 3200 Brighton Blvd., will include a clubhouse with fitness center, community room and guest suite, as well as a large courtyard with resort pool/spa and firepits.

The project, within a quarter mile of the 38th and Blake light-rail station, is financed with a $26 million loan sourced through Love Funding using HUD’s 221(d) 4 loan program and an equity investment from Argosy Real Estate, a Philadelphia-based real estate investment fund.

RiNo Center, designed by JG Johnson Architects, is the first new construction project for Prospect LLC, a Denver-based real estate development company focused on infill and transit-oriented developments.